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$ 1,000,000
Est. payment | /mo
6 Beds
2 Baths
$ 1,000,000
Est. payment | /mo
6 Beds
2 Baths
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID DW25191140
Bedrooms 6
Property Sub-Type Res Income 2-4 Units
Property Description
Location, Location, Location! Double the Assets, One Investment! Secure TWO properties at the price of ONEan incredible opportunity for savvy investors. Seller is set for a 1031 Exchange and has identified replacement properties. Maximize your portfolio growth with this rare, high-return opportunity! "2252 & 2246 Glenrose Ave" This prime 11,478 sq ft lot presents a rare opportunity to build in one of Altadenas most sought-after neighborhoods. Zoned R3, the property offers incredible development potentialincluding multi-units with additional ADUsmaking it ideal for investors or builders looking to maximize long-term value. Owned by the same seller for over 38 years, the property has appreciated significantly and previously generated a strong annual scheduled gross income of $144,000K. Conveniently located just 710 minutes from iconic landmarks such as Hahamongna Watershed Park, the Rose Bowl Stadium, the Jet Propulsion Laboratory (JPL/NASA), and quick access to the 210 Freewaythis location is a true gem. The rebuild timeline can be surprisingly efficientas little as 1218 monthsfor buyers with plans, insurance, and debris clearance ready. This makes it a prime candidate for a smart, strategic development project. Sold As-Is Buyer to conduct all due diligence. Buyers are strongly encouraged to independently verify zoning, development prospects, and required remediation with Los Angeles County. Drive-by Only Please do not enter the property, 48 hours noticed in order to enter the property. Please do not disturbed tenants, monthly rent is $3K, tenant's are paying for gas and l
Location
State CA
County Los Angeles
Zoning Assessor
Direction Right next to 2252 Glenrose Ave, Altadena
Interior
Heating Other/Remarks
Cooling Wall/Window
Fireplace No
Exterior
View Y/N No
Building
Story 1
Level or Stories 1
Others
Tax ID 5835018016
Listed by Christian Garcia Big Block Powerhouse Realty